News for DMCI Holdings, Inc. (DMCHY)

Philippine water company Maynilad hires banks for over $500 million IPO, sources say

Nickel miner DMCI Mining Corp. on Wednesday said it is on track to transition its operations to three active mines this year from a single mine for most of last year. The Zambales Chromite Mining Co. (ZCMC) in Santa Cruz, Zambales, commenced operations in December. The mine is expected to…

DMCI Homes, a unit of DMCI Holdings Inc., on Tuesday said it is hiring over 1,000 skilled workers for its first residential condominium project in Cebu City, called Kalea Heights. The company is looking for construction workers, engineers, architects, accountants, sales agents and also office staff, as it sets up…

THE Consunji-led DMCI Holdings Inc. (PSE: DMC) expects its newly-acquired venture, cement firm Concreat Holdings Philippines Inc. (CHP), formerly Cemex Holdings Philippines Inc., may take three years to hit its profitability stride, longer than the initial target of one-year. According to Herbert M. Consunji, DMCI chief finance officer and concurrent…

DMCI Power Corp. (DPC), the energy unit of Consunji-led DMCI Holdings Inc., will expand its generation capacity by 27 percent this year with 43 megawatts (MW) of power projects that are currently under development. The company’s existing portfolio stands at 159.8 MW. Among the projects that are up for completion…

DMCI Holdings Inc., the holding firm of the Consunji Group, said it may shelve plans to develop a new cement factory in Semirara Island.  Herbert M. Consunji, the company’s CFO, said DMCI is postponing the construction of the Semirara cement plant due to the group’s recent acquisition of nearly 90…

AT the start of the year, every broker would forecast how the benchmark Philippine Stock Exchange index will end the year. Of course, no broker would be pessimistic. But their targets for years now since the pandemic were way off. First Metro Investment Corp., for instance, in January expected the…

THE Asian Institute of Management (AIM) proudly conferred a Doctorate in Management honorary degree on Dr. Isidro A. Consunji, who is the chair and president of DMCI Holdings Inc. (DMCI). The conferment ceremony was held on December 8 during the AIM graduation rites at the Philippine International Convention Center in…

The Consunji Group on Tuesday said it has successfully completed its acquisition of Mexican firm Cemex Asian South East Corp. (Casec) for $272 million or about P16 billion. The deal secures about 90 percent ownership in Cemex Holdings Philippines Inc. (CHP), marking the group’s strategic expansion into the cement manufacturing…

CONSUNJI-LED DMCI Holdings, Inc. said on Monday that it had executed an amendment agreement with Cemex Asia B.V. regarding the sale and purchase of shares in Cemex Asian South East Corp. (Casec).

Last week Share prices rose slightly last week, as hawkish comments from the United States Federal Reserve prevented local markets from moving to higher ground.  The benchmark Philippine Stock Exchange index (PSEi) gained a mere 1.20 points to close at 6,619.89 points.  “Tepid trading has also returned, inferring that many…